Equities research analysts expect Pandora Media, Inc. (NYSE:P) to report sales of $375.28 million for the current quarter, according to Zacks. Ten analysts have provided estimates for Pandora Media’s earnings, with the lowest sales estimate coming in at $372.00 million and the highest estimate coming in at $380.00 million. Pandora Media reported sales of $392.60 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 4.4%. The company is scheduled to issue its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Pandora Media will report full year sales of $375.28 million for the current year, with estimates ranging from $1.37 billion to $1.53 billion. For the next fiscal year, analysts forecast that the business will post sales of $1.59 billion per share, with estimates ranging from $1.47 billion to $1.89 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Pandora Media.
Pandora Media (NYSE:P) last posted its quarterly earnings results on Thursday, November 2nd. The Internet radio service reported ($0.06) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.02. The company had revenue of $378.60 million during the quarter, compared to analyst estimates of $380.54 million. Pandora Media had a negative net margin of 39.49% and a negative return on equity of 74.78%. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.07) earnings per share.
Several equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Pandora Media from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Piper Jaffray Companies restated a “buy” rating and set a $9.00 price target on shares of Pandora Media in a research report on Friday, November 3rd. J P Morgan Chase & Co lowered shares of Pandora Media from an “overweight” rating to a “neutral” rating and set a $9.00 price target for the company. in a research report on Friday, November 3rd. B. Riley lowered shares of Pandora Media from a “buy” rating to a “neutral” rating and reduced their price target for the company from $11.00 to $8.00 in a research report on Friday, November 3rd. Finally, SunTrust Banks, Inc. lowered shares of Pandora Media from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Three investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $11.24.
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Pandora Media (NYSE:P) opened at $4.90 on Wednesday. The company has a debt-to-equity ratio of 1.58, a current ratio of 4.18 and a quick ratio of 4.18. Pandora Media has a 1 year low of $4.44 and a 1 year high of $14.10.
In other news, EVP David Gerbitz sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $8.34, for a total value of $250,200.00. Following the transaction, the executive vice president now owns 335,607 shares in the company, valued at $2,798,962.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.59% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. Falcon Point Capital LLC bought a new stake in Pandora Media in the second quarter valued at $102,000. Prudential Financial Inc. bought a new stake in Pandora Media in the second quarter valued at $109,000. Fox Run Management L.L.C. bought a new stake in Pandora Media in the third quarter valued at $111,000. Symmetry Peak Management LLC bought a new stake in Pandora Media in the second quarter valued at $112,000. Finally, Aperio Group LLC bought a new stake in Pandora Media in the second quarter valued at $115,000.
Pandora Media Company Profile
Pandora Media, Inc (Pandora) is a music discovery platform, offering a personalized experience for each of its listeners wherever and whenever they want to listen to music, whether through earbuds, car speakers or live on stage. The Company delivers targeted messages to its listeners using a combination of audio, display and video advertisements.
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